Economist Predicts Decoupling of Mining Stocks from Precious Metal Prices

According to PANews, economist Peter Schiff recently tweeted that the prices of precious metal mining stocks will eventually decouple from the daily price fluctuations of the metals themselves. Schiff argues that these fluctuations are unrelated to the long-term profitability of the stocks. As long as the upward trend continues, these stocks are trading at prices significantly lower than the present value of their future earnings.